What to Expect of Defence Budget 2014- 15?

What to Expect of Defence Budget 2014- 15? With the Narendra Modi led Bharatiya Janata Party (BJP) government making a splash in the media on commitment to defence modernization, there are expectations in the armed forces as well as defence industry. The debate over Foreign Direct Investment (FDI) in the defence sector has been particularly animated and though it may not form a part of the defence budget a generic statement from Mr Arun Jaitley, the Finance and the Defence Minister could be expected. In fact with Mr Jaitley who is seen by many as the BJP’s man for all seasons holding both the prime portfolios albeit temporarily much is expected as finance were seen curtailing allotments to the defence ministry. That the Ministry of Defence has been tardy in putting up cases, &ldqu...
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